PAPPELBAUM STANLEY J 4
4 · SPECTRASCIENCE INC · Filed Mar 1, 2011
Insider Transaction Report
Form 4
SPECTRASCIENCE INCSCIE.OB
PAPPELBAUM STANLEY J
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2011-02-25−400,000→ 0 totalExercise: $0.38Exp: 2018-11-06→ Common Stock (400,000 underlying) - Award
Stock Option (Right to Buy)
2011-02-25+900,000→ 900,000 totalExercise: $0.11Exp: 2021-02-24→ Common Stock (900,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-02-25−400,000→ 0 totalExercise: $1.09From: 2006-06-15Exp: 2016-06-14→ Common Stock (400,000 underlying)
Holdings
- 450,000(indirect: By Professional Health Technologies, Inc.)
Common Stock
Footnotes (4)
- [F1]Mr. Pappelbaum is the executive officer of this company; he disclaims beneficial interest in the shares.
- [F2]133,333 shares vest on 11/7/09 and 11/7/10, and 133,334 shares vest on 11/7/11.
- [F3]1/4 of the shares subject to the option vest and become exercisable on February 25, 2011, and 1/36 of the shares subject to the option vest and become exercisable at the end of each monthly period thereafter.
- [F4]The reporting person agreed to cancellation of options to purchase 800,000 shares to him on February 25, 2011, in exchange for new options to purchase 900,000 shares having a lower exercise price.